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$2,388,000

753 E 55TH AVENUE

Vancouver · MLS® R3150134

10 bed · 4 bath · 4,200 sq ft · 7,897 sq ft lot · 2 parking

House · Single Family · built 1967 · 74 days on market

Listed by Aditya Tawatia, Luxmore Realty

Realtor's description

INVESTOR & BUILDER ALERT! Exceptional opportunity to acquire an approx. 7,900 SQFT subdividable property (buyer to verify with City of Vancouver) in highly desirable South Vancouver. Featuring wide frontage, a prime elevated location, and stunning southern views of Richmond and the Fraser River, this property offers outstanding redevelopment potential, including the possibility of future multi-family zoning for up to 8 units (buyer to verify with the City). The revenue-generating home is an ideal holding property, with major 2022 renovations including windows, hot water tank, furnace, gutters, downspouts, most electrical upgrades, and a renovated basement. Conveniently located near Langara College, shopping, transit, and everyday amenities. A rare investment and development opportunity.

Property details

Type: House, Single Family
Bedrooms: 10
Bathrooms: 4
Living area: 4,200 sq ft
Lot: 7,897 sq ft
Parking: 2
Year built: 1967
Property tax: $11,851 / yr
Days on market: 74
MLS®: R3150134

Features

Central location
All

Price check

2026 assessment: $2,584,000 · asking is -7.6%
Price per sq ft: $569 vs $1,012 median for houses in Vancouver for sale (1712)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 74 days · no price changes so far

The market here

Listed now: 55 days; median for 1822 houses for sale; this one 74 days

Houses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$2,584,000	$8,689

The listing shows $11,851 a year in property tax.

Estimate: the BC Assessment value times Vancouver's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$11,392/mo

Mortgage $10,404 · Tax $988

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$10,404/ monthly

loan $1,910,400

25-year amortization

down payment20% · $477,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,210,886
property transfer tax: $49,640; BC general rate
cash to close: $527,240; down + PTT
total paid: $3,121,286

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 735 m² (7,911 sq ft) · PID 004-547-071. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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Location

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Schools

Catchment schools, Vancouver School Board

Elementary Henderson Elementaryhomes in this catchment
500 m away · 451 53rd Ave E, Vancouver · 604-713-4837
Secondary John Oliver Secondaryhomes in this catchment
1.3 km away · 530 41st Ave E, Vancouver · 604-713-8938

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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